SLW Makes Notable Cross Below Critical Moving Average


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In trading on Wednesday, shares of Silver Wheaton Corp (Symbol: SLW) crossed below their 200 day moving average of $22.89, changing hands as low as $22.33 per share. Silver Wheaton Corp shares are currently trading off about 4.7% on the day. The chart below shows the one year performance of SLW shares, versus its 200 day moving average: Silver Wheaton Corp 200 Day Moving Average Chart

Looking at the chart above, SLW's low point in its 52 week range is $17.75 per share, with $31.95 as the 52 week high point - that compares with a last trade of $22.36.

According to the ETF Finder at ETF Channel, SLW makes up 5.18% of the PowerShares Global Gold and Precious Metals Portfolio ETF (Symbol: PSAU) which is trading lower by about 2.7% on the day Wednesday.

Click here to find out which 9 other metals stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: SLW , PSAU

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